Track market-moving stories before they get noisy

STX heads into fiscal Q1 earnings with AI-driven storage demand, rising EPS, robust cash flow and strong returns on equity supporting its bullish outlook.

Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today:

Concrete Pumping Holdings (BBCP - Free Report) : This company, which provides concrete pumping services and concrete waste management services primarily in U.S. and U.K, has seen the Zacks Consensus Estimate for its current year earnings increasing 11.8% over the last 60 days.

United Community Banks (UCB - Free Report) : This bank holding company, that conducts its operations through a community-focused operating model of separate community banks, has seen the Zacks Consensus Estimate for its current year earnings increasing 2.1% over the last 60 days.

Transportadora De Gas Ord B (TGS - Free Report) : This company, which transports natural gas in Argentina, has seen the Zacks Consensus Estimate for its current year earnings increasing 0.7% over the last 60 day.

Seagate Technology (STX - Free Report) : This company, which engages in providing data storage solutions in Singapore, the United States, the Netherlands, and internationally, has seen the Zacks Consensus Estimate for its current year earnings increasing 0.1% over the last 60 days.

Immunic (IMUX - Free Report) : This clinical-stage biopharmaceutical company, which is engaged in developing a pipeline of selective oral immunology therapies aimed at treating chronic inflammatory and autoimmune diseases including ulcerative colitis, Crohn's disease, relapsing-remitting multiple sclerosis and psoriasis, has seen the Zacks Consensus Estimate for its current year earnings increasing 4.4% over the last 60 days.

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Seagate (STX - Free Report) , which belongs to the Zacks Computer - Integrated Systems industry.

This electronic storage maker has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 14.55%.

For the most recent quarter, Seagate was expected to post earnings of $5.1 per share, but it reported $5.71 per share instead, representing a surprise of 11.96%. For the previous quarter, the consensus estimate was $3.5 per share, while it actually produced $4.1 per share, a surprise of 17.14%.

Price and EPS Surprise

For Seagate, estimates have been trending higher, thanks in part to this earnings surprise history. And when you look at the stock's positive Zacks Earnings ESP (Expected Surprise Prediction), it's a great indicator of a future earnings beat, especially when combined with its solid Zacks Rank.

Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven.

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Seagate has an Earnings ESP of +2.49% at the moment, suggesting that analysts have grown bullish on its near-term earnings potential. When you combine this positive Earnings ESP with the stock's Zacks Rank #2 (Buy), it shows that another beat is possibly around the corner. The company's next earnings report is expected to be released on October 27, 2026.

When the Earnings ESP comes up negative, investors should note that this will reduce the predictive power of the metric. But, a negative value is not indicative of a stock's earnings miss.

Many companies end up beating the consensus EPS estimate, though this is not the only reason why their shares gain. Additionally, some stocks may remain stable even if they end up missing the consensus estimate.

Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

Seagate Technology Holdings PLC (NASDAQ:STX) is positioned for stronger revenue and earnings growth as demand for hard disk drives (HDDs) outpaces the company's long-term expectations, according to Bank of America, which raised its price target on the stock to $1,200 from $1,150. 

The bank reiterated its Buy rating, forecasting first-quarter fiscal 2027 revenue at the high end of management's guidance and earnings above its projected range. 

Bank of America expects revenue of $4.2 billion for the September quarter, against company guidance of $4 billion to $4.2 billion, and earnings per share of $7.60, above the guided range of $7.10 to $7.50. Wall Street consensus stands at $4.14 billion in revenue and $7.41 in earnings per share. 

The analysts expect continued pricing strength, forecasting revenue per terabyte to rise about 22% year over year in the first quarter and around 20% in subsequent quarters. They also anticipate sequential revenue and profitability growth throughout fiscal 2027. 

Demand for nearline HDDs, which are used in data centers and cloud storage, is expected to remain above Seagate's long-term target of mid-20% annual growth in exabyte shipments, the bank said. 

The transition from conventional perpendicular magnetic recording (PMR) drives to heat-assisted magnetic recording (HAMR) technology should also support margins through lower costs per terabyte. However, the ramp-up of production yields for Seagate's Mosaic 4+ platform could constrain growth. 

Bank of America raised its fiscal 2027 revenue estimate to $18.7 billion from $17.5 billion and its earnings-per-share forecast to $36.53 from $32.06. 

Its new $1,200 price target is based on 16 times estimated fiscal 2028 earnings per share of $76.24, reflecting a stronger growth outlook and expectations of margins approaching peak levels. The bank expects favourable pricing and margins to persist into 2028. 

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Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in SCTX over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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SummarySeagate is positioned as a beneficiary of the AI buildout, leveraging its advanced storage solutions for large-scale data needs.HAMR technology enables STX to offer higher-capacity drives, reducing required units and operational costs for data centers, with 44TB drives available and 100TB planned by 2032.The company delivered strong financials: FY2026 sales up 34% to $12.2B, adjusted operating margins at 36.5%, and free cash flow 3.8x prior year, supporting a Buy rating.Risks include industry cyclicality and competition from Western Digital, but STX's forward P/E of 26x and >50% projected revenue growth underpin a medium- to long-term growth case.Editor's note: Seeking Alpha is proud to welcome Aryan Chakraborty as a new contributing analyst. You can become one too! Share your best investment idea by submitting your article for review to our editors. Get published, earn money, and unlock exclusive SA Premium access.

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Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Seagate shares cratered 15% in a single week even as analysts refused to cut a single earnings estimate and the stock still sits nearly 52% below where the average price target says it should be. Something in that gap is…

Seagate Technology (NASDAQ:STX | STX Price Prediction) trades at $753.25 after a sharp decline left the AI storage leader trading far below analyst targets. Shares fell 15.09% in one week even as earnings estimates kept climbing.

Seagate is a leading supplier of mass-capacity hard drives for cloud data centers. Its Mozaic platform uses heat-assisted magnetic recording (HAMR) to fit more data onto each disk. Fiscal 2026 revenue rose 34.06% to $12.195 billion, and free cash flow reached a record $3.1 billion.

That growth lifted shares 174.44% this year and carried them to a 52-week high of $1,143.27. The stock now sits about 34% below that peak after Barron’s flagged a Toshiba problem for hard drive makers.

Sold-Out Capacity and Rising Estimates Power the Bull Case
Seagate’s forward earnings multiple is 26, while its trailing multiple is 56, a gap that shows how fast profits are growing. The fiscal 2027 EPS consensus is $36.2661, up from $27.7398 90 days ago. Analysts made zero downward revisions over the past 30 days.

Management said nearline capacity is almost fully allocated through calendar 2027, and pricing on fiscal 2027 contracts is already set. Seagate has beaten EPS estimates five straight quarters. Last quarter it posted $5.71 against a $5.0932 consensus, and it guided fiscal Q1 EPS to $7.30.

Cyclical Scars and a Beta Above 2 Keep Bears Circling
Hard drive demand has always moved in cycles. In fiscal 2023, Seagate lost $529 million. Data center sales now make up 80% of revenue, and that business leans on a few of hyperscalers whose spending could slow quickly.

Shares trade at 14.6 times sales and carry a beta of 2.081. Toshiba, Western Digital (NASDAQ:WDC), and flash storage all compete for the same customers, and exchangeable notes due 2028 could dilute shareholders. One analyst rates the stock a Strong Sell.

Mozaic 4 Ramp Will Decide Whether Patience Pays
The stock fell 9.19% over the past month and trades below its 50-day moving average of $855.24. It still holds above its 200-day average of $663.81.

Execution will decide the next move. Mozaic 4 should cross over with Mozaic 3 toward the end of calendar 2026, and HAMR drives take longer to produce than the older technology. Fiscal Q1 results against $4.10 billion revenue guidance will tip the scale. A miss would favor sellers. A beat coupled with stronger fiscal 2027 commentary would favor buyers.

Analysts See 51.6% Upside While Short-Term Momentum Lags
Seagate trades at $753.25, and the average analyst target is $1,142.17, meaning 51.6% upside. The 25 covering analysts rate the stock as follows:

Strong Buy: 4
Buy: 18
Hold: 2
Strong Sell: 1

Seagate is up 174.44% this year, while the S&P 500 is up 14.1%. Over one year the gap is 253.46% against 19.15%. The past week went the other way: Seagate dropped 15.09% while the index rose 0.42%. Price targets are estimates, and analysts can cut them as quickly as the stock falls.

Earnings Momentum Keeps Seagate’s AI Growth Story in Focus
At $753.25, Seagate trades well below the average analyst target.

Earnings are the path higher. Revenue grew 48.49% year over year last quarter, and GAAP gross margin expanded to 52.3% from 37.4%. Locked-in capacity means those gains rest on signed contracts.

The fiscal Q1 report is the next big catalyst. If Seagate meets its $7.30 EPS guide and confirms 2027 pricing, view could recover from the Toshiba shock. Over the next year, the shift to Mozaic 4 should push margins higher still.

Three things would break the thesis: hyperscaler order cuts, falling revenue per terabyte, or a HAMR yield setback. The same data-center expansion driving Seagate’s sold-out nearline capacity also powers a wider group of non-chip suppliers we profiled in a free report on seven AI infrastructure stocks that aren’t chipmakers. With a beta above 2, expect big moves in both directions along the way.

Analysts made no down estimate revisions during this double-digit weekly sell-off, a sign that analyst conviction in one of the market’s clearest AI storage stories held firm.

Contact [email protected] for any questions or corrections.

Seagate's hard drives quietly power the AI boom without a single chip, and the stock already rewarded patient investors with a 261% gain in one year alone. Whether that momentum still has room to run depends on a few factors…

A $1,000 stake in Seagate Technology (NASDAQ:STX | STX Price Prediction) buys into a stock priced at $807.57 per share. That price comes after a 261.04% gain over the past year.

Seagate makes the mass-capacity hard drives that cloud giants fill with AI-generated data, so the question for 2030 is how much of that momentum can still turn into returns from here.

What $1,000 Could Become: Base-Case Answer The model’s longest horizon runs five years, to October 8, 2031. That is the nearest modeled horizon to 2030, so every concrete figure below is tied to it. Treat 2030 itself as an illustrative stop roughly a year short of the modeled target.

The base case suggests a $1,000 investment could be worth about $1,497.70 by the five-year mark, a total return of 49.77%. That outcome rests on a modeled share price of $1,209.52, which works out to 8.41% annualized. For a nearer checkpoint, the one-year base target of $908.18 (a 12.46% return) would lift the stake to $1,124.60.

Confidence in the model stands at 0.9, rated high. All of these figures cover share price only. Seagate’s $2.96 annualized dividend would come on top.

Bull, Base and Bear Scenarios for Your $1,000 Scenario Five-Year Target Price Total Return Value of $1,000 Bull $2,081.50 157.75% $2,577.50 Base $1,209.52 49.77% $1,497.70 Bear $703.09 -12.94% $870.60 Wall Street leans further toward the bull case than the model does. The consensus analyst target is $1,125, and the ratings break down to 4 Strong Buys, 18 Buys, 2 Holds and 1 Strong Sell. The model gives that analyst target a 0.3 weight and puts more weight on forward earnings, making its base case more conservative.

Three Drivers Behind the Upside Record Earnings and Rising Estimates Fiscal 2026 revenue reached $12.195 billion, up 34.06%, with EPS of $15.58 and a record $3.105 billion in free cash flow. In the fourth quarter, non-GAAP EPS came in at $5.71, beating the $5.09 estimate.

Management is guiding fiscal Q1 2027 to $7.30 ± $0.20 in EPS on revenue of $4.10B ± $100M. Analysts expect fiscal 2027 EPS of $35.7809 and fiscal 2028 EPS of $55.3714, and both figures sit above where they were 90 days ago.

Bigger Drives on the HAMR Roadmap Mosaic 4, Seagate’s second-generation HAMR platform, delivers “up to 44 terabytes per drive” with minimal change to the bill of materials.

Mosaic 5 is aimed at 50 terabytes, with qualification shipments targeted for late calendar 2027. Packing more capacity into each drive, rather than shipping more units, is the main reason gross margin rose to 52.3% from 37.4% a year earlier.

Demand Locked In Through 2027 Management says nearline capacity is “almost fully allocated through calendar 2027“. It also raised its annual revenue growth target to “a minimum of 20% over the next few years.”

The CEO put it this way: “As AI accelerates data generation and its value, we see durable long-term demand for mass capacity storage.” Seagate is one of the suppliers absorbing that AI buildout without actually making chips, and we rounded up seven more like it in a free report on the non-chipmaker AI stocks.

Risks That Could Shrink Your Stake Volatility is the first thing to plan for. Seagate’s beta is 2.081, and over the past 52 weeks the stock’s range spans $207.78 to $1,143.27. Hard drive stocks fell sharply late last week (as MarketWatch reported), leaving Seagate down 12.44% over one week.

Valuation leaves less room for mistakes. The stock trades at a trailing P/E of 58 and a forward P/E of 26. Growth also depends heavily on hyperscaler storage budgets. If cloud spending cools, or if a HAMR ramp runs into yield or qualification delays, earnings estimates could fall quickly.

Other pressures include tariff and trade policy, exposure to the Middle East conflict, possible dilution from the Exchangeable Senior Notes due 2028, and BIS settlement payments (per company disclosures). In the bear case, your $1,000 shrinks to $870.60.

Bottom Line on a $1,000 Seagate Position At the five-year horizon, the model’s range for a $1,000 Seagate stake runs from $870.60 in the bear case, reaching $2,577.50 in the bull case, with $1,497.70 as the base case.

Use 2030 as an illustrative waypoint on that path, and keep an eye on the stock around each earnings report and Mosaic milestone. The projection is not investment advice, and none of these outcomes is guaranteed.

Contact [email protected] for any questions or corrections.

Venture Visionary Partners LLC increased its holdings in Seagate Technology Holdings PLC (NASDAQ:STX – Free Report) by 90.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,799 shares of the data storage provider’s stock after acquiring an additional 855 shares during the period. Venture Visionary Partners LLC’s holdings in Seagate Technology were worth $1,660,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in STX. Retirement Wealth Solutions LLC boosted its stake in Seagate Technology by 44.8% during the 3rd quarter. Retirement Wealth Solutions LLC now owns 42 shares of the data storage provider’s stock valued at $39,000 after purchasing an additional 13 shares during the last quarter. Cooper Financial Group raised its stake in shares of Seagate Technology by 21.0% in the third quarter. Cooper Financial Group now owns 1,465 shares of the data storage provider’s stock worth $1,351,000 after purchasing an additional 254 shares during the last quarter. Matrix Trust Co bought a new position in shares of Seagate Technology in the third quarter valued at approximately $825,000. Central Pacific Bank Trust Division lifted its holdings in shares of Seagate Technology by 111.7% in the third quarter. Central Pacific Bank Trust Division now owns 2,380 shares of the data storage provider’s stock valued at $2,195,000 after purchasing an additional 1,256 shares in the last quarter. Finally, Rosenberg Matthew Hamilton boosted its position in shares of Seagate Technology by 35.5% during the third quarter. Rosenberg Matthew Hamilton now owns 145 shares of the data storage provider’s stock valued at $134,000 after buying an additional 38 shares during the last quarter. Institutional investors own 92.87% of the company’s stock.

Insider Activity at Seagate Technology In related news, EVP John Morris sold 15,466 shares of the stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $772.15, for a total transaction of $11,942,071.90. Following the completion of the transaction, the executive vice president owned 31,132 shares in the company, valued at approximately $24,038,573.80. This represents a 33.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Gianluca Romano sold 49,984 shares of the firm’s stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $772.16, for a total transaction of $38,595,645.44. Following the sale, the chief financial officer owned 70,756 shares of the company’s stock, valued at $54,634,952.96. This trade represents a 41.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 466,959 shares of company stock valued at $378,840,741 over the last quarter. Corporate insiders own 0.51% of the company’s stock.

Seagate Technology Stock Performance Shares of STX opened at $807.57 on Thursday. The stock has a 50 day moving average of $858.09 and a 200 day moving average of $788.17. The company has a market capitalization of $183.63 billion, a price-to-earnings ratio of 58.18 and a beta of 2.06. Seagate Technology Holdings PLC has a 12 month low of $209.00 and a 12 month high of $1,145.00. The company has a current ratio of 1.67, a quick ratio of 1.17 and a debt-to-equity ratio of 1.56. Seagate Technology (NASDAQ:STX – Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The data storage provider reported $5.71 earnings per share for the quarter, topping the consensus estimate of $5.10 by $0.61. The business had revenue of $3.63 billion for the quarter, compared to analysts’ expectations of $3.50 billion. Seagate Technology had a return on equity of 369.98% and a net margin of 26.11%.The business’s revenue was up 48.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.59 earnings per share. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. As a group, sell-side analysts forecast that Seagate Technology Holdings PLC will post 35.7 earnings per share for the current year.

Seagate Technology Announces Dividend The business also recently declared a quarterly dividend, which was paid on Wednesday, October 7th. Investors of record on Thursday, September 24th were issued a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Thursday, September 24th. Seagate Technology’s payout ratio is 21.33%.

Trending Headlines about Seagate Technology Here are the key news stories impacting Seagate Technology this week:

Positive Sentiment: AI-driven HDD demand remains a key support. Articles emphasize that AI data centers need large amounts of economical, high-capacity storage, creating an unexpected upcycle for Seagate and rival Western Digital. The long-term investment case is also supported by Seagate’s substantial historical shareholder returns, including dividends. Seagate vs. Western Digital: Which HDD Stock Has More Room to Run? Positive Sentiment: Analyst support is helping sentiment. Morgan Stanley reportedly maintained a Buy rating, while some Wall Street research desks argued that the recent decline overreacted to capacity concerns. Morgan Stanley Remains a Buy on Seagate Tech Neutral Sentiment: Investors are awaiting the next quarterly report. The earnings preview places attention on whether Seagate can sustain its recent growth and deliver against elevated expectations following its prior revenue and earnings beat. What to Expect From Seagate Technology’s Next Quarterly Earnings Report Neutral Sentiment: Seagate is reportedly bidding for TDK’s magnetic-heads business. Acquiring the independent supplier could strengthen Seagate’s component access and competitive position, although the potential multibillion-dollar cost and bidding contest with Toshiba introduce execution and valuation risks. Seagate Reportedly Makes Higher Bid for TDK’s Magnetic-Heads Business Negative Sentiment: Toshiba’s planned HDD capacity increase is the main overhang. Reports that Toshiba intends to substantially expand production have revived fears of oversupply, lower pricing, and reduced margins across the industry. That concern has pressured both Seagate and Western Digital. Toshiba Just Issued a Major Warning to Seagate Stock Negative Sentiment: CEO William Mosley’s stock sale adds a sentiment concern. Mosley sold approximately $17.4 million of Seagate shares shortly before Toshiba’s capacity announcement, raising investor sensitivity even though the transaction does not by itself change the company’s fundamentals. Seagate’s CEO Sold $17.4 Million Before the Toshiba Drop Analysts Set New Price Targets Several brokerages recently issued reports on STX. Morgan Stanley upped their price target on Seagate Technology from $1,035.00 to $1,187.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. Argus raised their price objective on Seagate Technology from $750.00 to $900.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Melius Research started coverage on shares of Seagate Technology in a report on Monday, June 29th. They set a “buy” rating and a $1,600.00 price objective on the stock. Citigroup upped their target price on shares of Seagate Technology from $1,240.00 to $1,300.00 and gave the stock a “buy” rating in a research note on Wednesday, July 29th. Finally, Susquehanna increased their target price on shares of Seagate Technology from $775.00 to $875.00 and gave the company a “neutral” rating in a report on Wednesday, July 29th. Twenty-two analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $986.00.

Read Our Latest Report on STX

Seagate Technology Company Profile (Free Report)

Seagate Technology Holdings plc is a data storage technology company that designs, manufactures and supplies solutions for storing, managing and accessing digital information. Its product portfolio is centered on hard disk drives (HDDs), including high-capacity drives used in cloud data centers, enterprise environments, surveillance systems, network-attached storage and personal computing.

The company also offers solid-state drives (SSDs), storage systems, external storage products and related services.

Further Reading Five stocks we like better than Seagate Technology Skydance Just Became a Media Giant—With an $80 Billion Debt Load Could Velo3D Be the Next Defense Buyout Target? Penguin Solutions Is Soaring as AI Memory Demand Explodes Alphabet’s Chart Is Coiling—and the Fundamentals May Be Ready to Back It Up Want to see what other hedge funds are holding STX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Seagate Technology Holdings PLC (NASDAQ:STX – Free Report).

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Seagate stock was edging down following a report it is competing with Toshiba over a crucial acquisition in the hard-disk drive space.

Eastern Bank boosted its stake in Seagate Technology Holdings PLC (NASDAQ:STX – Free Report) by 5.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 73,812 shares of the data storage provider’s stock after purchasing an additional 3,880 shares during the period. Seagate Technology comprises 1.0% of Eastern Bank’s investment portfolio, making the stock its 29th largest position. Eastern Bank’s holdings in Seagate Technology were worth $68,080,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of STX. Retirement Wealth Solutions LLC grew its holdings in shares of Seagate Technology by 70.6% in the second quarter. Retirement Wealth Solutions LLC now owns 29 shares of the data storage provider’s stock worth $28,000 after purchasing an additional 12 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC raised its holdings in Seagate Technology by 23.1% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 80 shares of the data storage provider’s stock valued at $31,000 after buying an additional 15 shares during the last quarter. WealthCollab LLC grew its holdings in Seagate Technology by 27.4% in the 1st quarter. WealthCollab LLC now owns 93 shares of the data storage provider’s stock worth $36,000 after acquiring an additional 20 shares during the last quarter. University of Texas Texas AM Investment Management Co. bought a new stake in Seagate Technology in the 4th quarter worth $37,000. Finally, McMillan Office Inc. purchased a new position in shares of Seagate Technology in the first quarter valued at about $39,000. Institutional investors own 92.87% of the company’s stock.

Seagate Technology Stock Up 4.8% Shares of STX traded up $40.60 on Monday, reaching $889.59. The stock had a trading volume of 3,708,403 shares, compared to its average volume of 4,349,312. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.17 and a current ratio of 1.67. Seagate Technology Holdings PLC has a 12-month low of $209.00 and a 12-month high of $1,145.00. The firm has a market capitalization of $202.28 billion, a price-to-earnings ratio of 63.96 and a beta of 2.06. The company has a 50-day simple moving average of $854.66 and a 200-day simple moving average of $779.45.

Seagate Technology (NASDAQ:STX – Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The data storage provider reported $5.71 earnings per share for the quarter, topping the consensus estimate of $5.10 by $0.61. The company had revenue of $3.63 billion for the quarter, compared to analysts’ expectations of $3.50 billion. Seagate Technology had a return on equity of 369.98% and a net margin of 26.11%.The firm’s revenue for the quarter was up 48.5% on a year-over-year basis. During the same period in the prior year, the firm earned $2.59 earnings per share. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. Sell-side analysts predict that Seagate Technology Holdings PLC will post 35.7 EPS for the current year. Seagate Technology Dividend Announcement The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Thursday, September 24th will be paid a $0.74 dividend. This represents a $2.96 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Thursday, September 24th. Seagate Technology’s dividend payout ratio (DPR) is presently 21.33%.

Wall Street Analyst Weigh In STX has been the subject of a number of analyst reports. JPMorgan Chase & Co. increased their target price on shares of Seagate Technology from $1,095.00 to $1,240.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. Rosenblatt Securities boosted their price target on Seagate Technology from $1,300.00 to $1,400.00 and gave the company a “buy” rating in a report on Wednesday, July 29th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $1,350.00 price target on shares of Seagate Technology in a research report on Wednesday, July 29th. Susquehanna increased their price objective on Seagate Technology from $775.00 to $875.00 and gave the stock a “neutral” rating in a report on Wednesday, July 29th. Finally, Argus lifted their price objective on Seagate Technology from $750.00 to $900.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Twenty-two equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $986.00.

Get Our Latest Report on STX

Insider Buying and Selling at Seagate Technology In other Seagate Technology news, CFO Gianluca Romano sold 49,984 shares of the firm’s stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $772.16, for a total transaction of $38,595,645.44. Following the completion of the transaction, the chief financial officer owned 70,756 shares of the company’s stock, valued at approximately $54,634,952.96. This trade represents a 41.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO William Mosley sold 97,889 shares of the firm’s stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $772.14, for a total value of $75,584,012.46. Following the transaction, the chief executive officer owned 378,108 shares of the company’s stock, valued at $291,952,311.12. The trade was a 20.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders sold 466,959 shares of company stock valued at $378,840,741. Insiders own 0.51% of the company’s stock.

Seagate Technology Company Profile (Free Report)

Seagate Technology Holdings plc is a data storage technology company that designs, manufactures and supplies solutions for storing, managing and accessing digital information. Its product portfolio is centered on hard disk drives (HDDs), including high-capacity drives used in cloud data centers, enterprise environments, surveillance systems, network-attached storage and personal computing.

The company also offers solid-state drives (SSDs), storage systems, external storage products and related services.

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Seagate benefits from rising data center storage demand and stronger HDD pricing, with longer customer commitments supporting visibility and AI inference expanding storage needs. Higher-capacity HAMR drives lower manufacturing costs per terabyte, while stronger pricing and a favorable product mix could push gross margins above 65% within 2 years. Seagate's rapid deleveraging strengthens its balance sheet and reduces exposure to elevated interest rates.

The Nasdaq Composite (IXIC) hit a record high as weaker-than-expected jobs data sends Treasury yields lower and boosts stocks

Seagate Technology Holdings PLC (NASDAQ:STX) and Western Digital Corp (NASDAQ:WDC) fell Friday after a report on Toshiba’s planned production expansion raised concerns about tougher competition for AI data-center storage.

Seagate traded down 13% to $825.47, while Western Digital fell 12% to $405.23 in intraday trading.

Those declines followed gains of roughly 240% for Seagate and about 170% for Western Digital this year, leaving both vulnerable to profit-taking on signs of increased competition.

Nikkei reported that Toshiba plans to invest about ¥60 billion ($400 million) to double its hard disk drive production capacity by financial year 2027.

The expansion will center on Toshiba’s factory in the Philippines and aims to meet growing demand for storage from AI infrastructure.

Toshiba competes in an HDD market dominated by just three companies, alongside Seagate and Western Digital.

According to Nikkei, Toshiba currently holds just over 10% of that market based on capacity and has set a medium-term target of reaching 30%.

Achieving that ambition could strengthen Toshiba’s position in AI data-center storage, potentially pressuring Seagate’s and Western Digital’s market shares and pricing.

Seagate has already surged over 230% this year on the back of record margins and nearly sold-out capacity, but the real question now is whether the stock still has room to run or has simply gotten too far ahead of…

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Seagate Technology (NASDAQ:STX | STX Price Prediction) trades at $906.26 midday Tuesday. The 24/7 Wall St. price target stands at $934.59 over the next 12 months, which works out to 3.1% upside. The stock earns a hold rating, and our confidence in that call is high.

24/7 Wall St. Price Target Summary Metric Value Current Price $906.26 Price Target from 24/7 Wall St. $934.59 Upside/Downside 3.1% Recommendation HOLD Confidence Level 90% Seagate’s business is running well. The hold rating reflects valuation concerns while operations remain strong.

After a 230.19% year-to-date run, the market has priced in much of the AI storage story. The question now is whether margins can expand fast enough to justify further gains.

A 230% Rally Built on Record Margins STX is up 3.38% over the past week and 9.31% over the past month. It trades 20.7% off the 52-week high of $1,143.27, and the 52-week low is far behind at $207.78.

In its fiscal Q4 earnings report, revenue came in at $3.63B, beating estimates and rising 48.5% year over year. Non-GAAP EPS of $5.71 topped the $5.09 consensus. Non-GAAP gross margin reached 52.7%, up from 40.1% just three quarters earlier. For all of fiscal 2026, free cash flow reached an all-time high of $3.11B.

Why Bulls See $1,219 Ahead For fiscal Q1 2027, management guided to $4.10B in revenue and $7.30 in non-GAAP EPS. The CEO said nearline capacity is “almost fully allocated through calendar 2027“. Seagate raised its annual revenue growth target to a minimum of 20%.

Mozaic 4 holds 44 terabytes per drive, with Mozaic 5 targeting 50 terabytes. Both add capacity with minimal bill-of-materials change, giving Seagate operating leverage. Analysts have 4 strong buy and 18 buy ratings, with a consensus target of $1,125. The bull scenario reaches $1,218.84.

What Could Knock Seagate Back to $710 STX trades at 66 times trailing earnings and can swing hard. It fell from $1,031.34 in mid-June to $745.49 a month later. Main risks include tariffs, geopolitical conflict, possible dilution from convertible notes due 2028, and heavy reliance on hyperscaler customers. The hard drive business is historically cyclical.

Seagate posted a loss of -$0.28 per share in March 2023. Counterpoints: Seagate retired $1.40B of debt in fiscal 2026, and build-to-order contracts lock in pricing, limiting oversupply risks. The bear case is $710.31.

Seagate Carries a Premium Over Western Digital and Micron Company Forward P/E Trailing P/E Quarterly Revenue Growth (YoY) Seagate 26 66 48.5% Western Digital 23 17 43.8% Micron 7 24 345.7% Western Digital (NASDAQ:WDC) competes directly in hard drives, growing revenue at a similar pace yet trading at a lower forward multiple with a consensus target of $664.92.

Micron (NASDAQ:MU) shows AI memory demand at larger scale, trading at just 7 times forward earnings, reflecting investor doubt on cyclical memory profits. Against both peers, Seagate’s premium makes a target near fair value look reasonable.

Seagate Price Prediction 2026-2030 The 24/7 Wall St. price target of $934.59 backs a hold rating with 90% confidence. Valuation drives the call: the stock trades at a premium to peers. Upside depends on Seagate beating its $7.30 EPS guide and sustained margin expansion.

Downside risks include slower hyperscaler orders or tariff-driven pricing pressure. The business is excellent and the stock is fairly priced. Storage is only one slice of the AI data-center expansion, and we pulled together seven other suppliers, from power to cooling, in a free report you can grab here.

Year Price Target from 24/7 Wall St. 2026 $922.08 2027 $934.59 2028 $970.25 2029 $1,007.26 2030 $1,045.69 Contact [email protected] for any questions or corrections.

Key Takeaways NetApp raised fiscal 2027 guidance as AI, cloud storage and modernization drive broad-based demand.Seagate's revenue rose 34% as AI data growth boosted demand for high-capacity HAMR-based storage.STX and NTAP offer different AI exposure, with storage hardware versus enterprise data infrastructure. AI is creating a storage problem besides the much-discussed GPU shortage. Training and inference workloads generate enormous volumes of data, while AI factories require infrastructure capable of moving, managing, protecting and accessing that data efficiently. This creates an interesting comparison between Seagate Technology Holdings plc (STX - Free Report) and NetApp, Inc. (NTAP - Free Report) . Both companies are well-positioned to benefit from AI-driven storage demand, but they participate in different parts of the storage ecosystem.

Seagate is primarily a mass-capacity storage hardware company, particularly through high-capacity hard drives and its HAMR-based Mozaic platform. NetApp is increasingly an enterprise data infrastructure and AI data-management story, combining storage hardware, software, cloud services and AI-focused infrastructure.

So, when the choice boils down to these two stocks, investors should look at how their business models, AI exposure, financial performance and valuations differ.

The Case for NTAP StockNetApp is benefiting from AI-led modernization and broad-based demand, prompting higher full-year revenue and EPS guidance. Investments in AI, cloud storage and VMware-related recovery capabilities, supported by the DataPelago and JetStream acquisitions, are strengthening its growth prospects. Diversified demand across customers and geographies, along with faster pricing actions and tighter supply planning, is helping the company meet rising demand. NetApp reported $2.03 billion of revenue, up 30% year over year in first-quarter fiscal 2027. It subsequently raised its fiscal 2027 guidance to $7.98-$8.23 billion of revenue and $9.73-$10.03 of non-GAAP EPS.

NetApp is aggressively building an AI infrastructure platform through acquisitions. In July, it acquired DataPelago, an AI data infrastructure company focused on GPU-accelerated data processing. The objective is to make enterprise data easier to discover, govern and activate for AI and analytics workloads. Recently, NetApp announced its intention to acquire PEAK:AIO, whose technology focuses on metadata architecture and parallel file systems for large-scale AI workloads.

NetApp’s product portfolio is well-positioned for AI-driven workloads, with all-flash arrays supporting high-performance AI pipelines, GPU workloads and cyber resilience. Its cloud storage offerings, including Amazon FSx for NetApp ONTAP and Azure NetApp Files, support VMware migrations and IT modernization. Hybrid-flash and secure, scalable storage solutions are also helping the company displace competitors in sensitive infrastructure and analytics. Management expects to broaden use cases through additional AI solutions with hyperscalers, combinations of on-premises data with cloud services and lower-cost block storage offerings. These initiatives can extend NetApp’s role as customers migrate and modernize workloads across hybrid environments.

Image Source: Zacks Investment Research

NetApp’s model continues to support investment and capital returns as revenue expands. Fiscal 2026 free cash flow was $1.87 billion, and the company returned $1.36 billion through dividends and repurchases. NetApp returned another $302 million to shareholders despite free cash flow declining to $401 million. The company ended the quarter with $3.58 billion in cash and investments against $2.49 billion of gross debt, preserving balance sheet flexibility for investment and returns.

However, NetApp faces several risks, including uneven customer spending and accelerated purchases that could shift revenue between quarters and create near-term volatility. Rising goodwill and intangibles from acquisitions also increase integration risk. Intense competition could pressure pricing, extend sales cycles and require continued investment, while higher component costs and an unfavorable product mix may limit margin expansion.

The Case for STX StockAI models require enormous datasets for training, while inference, video, analytics and machine-generated information continue to increase the amount of data that hyperscalers and enterprises must retain. Seagate's fiscal 2026 results demonstrate how strongly this demand has affected its business. Revenue reached $12.2 billion, up 34% year over year, while GAAP net income increased to $3.18 billion from $1.47 billion. Free cash flow reached a record $3.1 billion. Seagate's investment case is closely tied to increasing storage density. Its Mozaic 4+ platform, based on HAMR, supports hard-drive capacities of up to 44TB and has been qualified and deployed with two leading hyperscale cloud providers. Management highlighted that its roadmap could eventually support drives approaching 100TB through higher areal density.

Seagate is further investing in tools and technology to support HAMR ramp-up and product transitions, aiming for stable drive output despite capacity shifts. Strategic investments aim to meet increasing demand for higher-capacity drives and improve manufacturing yields during product transitions. Unstructured data from physical AI applications like robotics and autonomous vehicles is expected to increase storage needs significantly. Tiered storage architectures that combine HDDs, SSDs and memory are critical for AI workloads, expanding HDD relevance beyond data centers and into enterprise markets.

Seagate’s growing HAMR adoption, rising demand for high-capacity storage and expanding opportunities across hyperscalers, neoclouds and enterprises support its long-term growth outlook. Improving margins, disciplined CapEx and lower debt should further strengthen free cash flow and financial flexibility. Continued gains in areal density and capacity, coupled with strong execution on product transitions, could support sustained profitability as data-generation and storage requirements expand. STX has reduced its debt from $5 billion to $2.4 billion, with ongoing share buybacks and CapEx at 4-6% of revenue. Free cash flow is expected to grow as operational efficiencies improve and density increases without significant CapEx hikes.

Image Source: Zacks Investment Research

However, the risk is that Seagate remains heavily exposed to the cyclical storage-hardware market. Demand, pricing, customer concentration and technology transitions can have dampening effects on results. Seagate faces execution risks as it shifts manufacturing toward successive HAMR generations, with greater factory complexity, longer processing times and potential yield inefficiencies that could weigh on exabyte growth and margins.

Heavy reliance on large cloud customers also exposes the company to spending cycles and customer concentration risks, while tariffs, trade restrictions, foreign exchange volatility and weaker technology spending could further pressure results. Intense competition from Western Digital, SSD providers and other storage vendors, combined with volatile supply chains and macroeconomic uncertainty, adds further pressure to growth and profitability.

Share Price Trajectory for STX & NTAPOver the past three months, STX has registered a fall of 4.5% while NTAP rose 32.1%.

Image Source: Zacks Investment Research

Valuation ComparisonGoing by the price/earnings ratio, NTAP’s shares currently trade at 23.66 forward earnings, close to 22.36 for STX.

Image Source: Zacks Investment Research

Seagate needs continued exceptional earnings growth to support its valuation, while NetApp's valuation provides a different risk/reward profile if its AI infrastructure strategy translates into sustained growth.

How Do Zacks Estimates Compare for STX & NTAP?STX is currently witnessing an uptrend in estimate revisions. Earnings estimates for fiscal 2027 have been revised up 29.7% to $36.09 over the past 60 days, while estimates for fiscal 2028 have risen 17.8% to $58.28.

Image Source: Zacks Investment Research

The Zacks Consensus Estimate for NTAP’s earnings has also gained upward traction over the past 60 days.

Image Source: Zacks Investment Research

STX or NTAP: Which Stock Deserves Investors’ Attention Now?Both are positioned around rising AI-driven data infrastructure demand. Seagate focuses on mass-capacity storage hardware for hyperscale environments, while NetApp provides enterprise storage and intelligent data infrastructure for AI workloads.

Seagate’s growth prospects hinge on continued hyperscale data-center expansion and AI-driven data growth, with rising exabyte demand, higher-capacity HAMR drives and improving margins and free cash flow serving as key drivers. However, investors should watch whether strong AI infrastructure spending can sustain storage demand and whether Seagate can maintain its current elevated margins and earnings growth. NetApp’s opportunity spans enterprise AI, all-flash storage, public cloud, AI data management and GPU-driven infrastructure, supported by the integration of DataPelago and potential PEAK:AIO synergies. The company aims to make its platform more relevant to the AI data pipeline, but acquisitions must translate into meaningful products, customer adoption and financial returns.

NTAP at present sports a Zacks Rank #1 (Strong Buy), while STX has a Zacks Rank #3 (Hold). Consequently, in terms of Zacks Rank, NTAP seems to be an attractive pick. You can see the complete list of today’s Zacks #1 Rank stocks here.

Seagate Technology Holdings PLC (NASDAQ:STX) experienced a significant Power Inflow alert, a key bullish indicator that is closely tracked by traders who value order flow analytics, specifically institutional and retail order flow data.

At 10:47 AM EST on September 28, STX triggered a Power Inflow signal at a price of $872.35. STX had seen a decrease in the stock price leading up to the Power Inflow alert, dropping by as much as 5% in the opening hour of trading. Following the alert, both the retail and institutional trading interest in STX shifted towards the buy side, leading to a steady rise in the stock price, eventually reaching a post alert high of $928.28 as of 2:00PM EST. This Power Inflow signal is aimed to be a bullish indication of institutional and retail interest, spotlighting where traders may be entering the market for the stock.

Understanding the Power Inflow Signal

The Power Inflow alert is a proprietary signal developed and provided by TradePulse. The alert is issued within the first two hours of the trading day, it highlights when there is a significant shift in order flow, specifically indicating that there’s been a strong trend towards buying activity. This suggests a high probability of bullish price movement for the rest of the day, making it a potentially strategic and opportune entry point for active traders.

Order flow analytics analyze real-time buying and selling trends by examining the volume, timing, and order size across both retail and institutional traders. These insights offer a more detailed understanding of price behavior and market sentiment for a stock, allowing the trader or institution to make the most informed decision possible.

STX Intraday Performance

At the time of the Power Inflow, STX was priced at $872.35. Following the signal:

• Intraday High As Of 2:00PM EST: $928.28 (+6.41%)

Today’s Power Inflow alert on STX is a great example of how real-time order flow analytics can reveal bullish momentum, especially during a period where the stock price is in decline. These strong short-term gains that followed the Power Inflow alert on STX highlight the value of order flow analytics in identifying bullish intraday activity along with a possible stock price reversal, offering traders a potentially advantageous buying opportunity.

This article is for informational purposes only and does not constitute financial advice, investment recommendations, or a solicitation to buy or sell securities. The analysis is based on stock order flow data, but accuracy is not guaranteed. Investing involves risk, including possible loss of principal, and past performance is not indicative of future results. Please consult a licensed financial advisor before making any investment decisions.

Benzinga Disclaimer: This article is from an unpaid external contributor. It does not represent Benzinga’s reporting and has not been edited for content or accuracy.

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Seagate Technology (NASDAQ:STX – Get Free Report) and TDK (OTCMKTS:TTDKY – Get Free Report) are both large-cap technology companies, but which is the better investment? We will contrast the two companies based on the strength of their valuation, dividends, institutional ownership, risk, earnings, profitability and analyst recommendations.

Dividends Seagate Technology pays an annual dividend of $2.96 per share and has a dividend yield of 0.3%. TDK pays an annual dividend of $0.15 per share and has a dividend yield of 0.8%. Seagate Technology pays out 21.3% of its earnings in the form of a dividend. TDK pays out 22.1% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years. Seagate Technology has increased its dividend for 1 consecutive years.

Earnings & Valuation This table compares Seagate Technology and TDK”s top-line revenue, earnings per share and valuation.

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio Seagate Technology $12.20 billion 17.10 $3.18 billion $13.88 66.05 TDK $16.64 billion 2.21 $1.29 billion $0.68 27.88 Seagate Technology has higher earnings, but lower revenue than TDK. TDK is trading at a lower price-to-earnings ratio than Seagate Technology, indicating that it is currently the more affordable of the two stocks.

Profitability This table compares Seagate Technology and TDK’s net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets Seagate Technology 26.11% 369.98% 37.58% TDK 7.87% 9.15% 4.48% Risk and Volatility Seagate Technology has a beta of 2.06, indicating that its share price is 106% more volatile than the S&P 500. Comparatively, TDK has a beta of 1.31, indicating that its share price is 31% more volatile than the S&P 500.

Analyst Recommendations This is a breakdown of current recommendations for Seagate Technology and TDK, as provided by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score Seagate Technology 0 4 22 1 2.89 TDK 0 1 0 1 3.00 Seagate Technology currently has a consensus price target of $986.00, suggesting a potential upside of 7.54%. Given Seagate Technology’s higher probable upside, analysts plainly believe Seagate Technology is more favorable than TDK.

Institutional and Insider Ownership 92.9% of Seagate Technology shares are held by institutional investors. 0.5% of Seagate Technology shares are held by insiders. Comparatively, 0.0% of TDK shares are held by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock is poised for long-term growth.

Summary Seagate Technology beats TDK on 14 of the 17 factors compared between the two stocks.

(Get Free Report)

Seagate Technology Holdings plc provides data storage technology and solutions in Singapore, the United States, the Netherlands, and internationally. It provides mass capacity storage products, including enterprise nearline hard disk drives (HDDs), enterprise nearline solid state drives (SSDs), enterprise nearline systems, video and image HDDs, and network-attached storage drives. The company also offers legacy applications comprising Mission Critical HDDs and SSDs; external storage solutions under the Seagate Ultra Touch, One Touch, and Expansion product lines, as well as under the LaCie brand name; desktop drives; notebook drives, DVR HDDs, and gaming SSDs. In addition, it provides Lyve edge-to-cloud mass capacity platform. The company sells its products primarily to OEMs, distributors, and retailers. Seagate Technology Holdings plc was founded in 1978 and is based in Dublin, Ireland.

About TDK (Get Free Report)

TDK Corporation, together with its subsidiaries, engages in manufacture and sale of electronic components in Japan, Europe, China, Asia, the Americas, and internationally. The company operates through Passive Components, Sensor Application Products, Magnetic Application Products, Energy Application Products, and Other segments. The Passive Components segment offers ceramic capacitors, aluminum electrolytic capacitors, film capacitors, high-frequency components, piezoelectric materials, and circuit protection components, as well as inductive devices, including ferrite cores, coils, and transformers. The Sensor Application Products segment provides temperature and pressure, magnetic, and MEMS sensors. The Magnetic Application Products segment offers hard disk drives (HDD) heads, HDD suspension assemblies, and magnets. The Energy Application Products segment provides energy devices comprising rechargeable batteries, and power supplies. The Other segment provides mechatronics production equipment and camera module micro actuators for smartphones and other products. The company also engages in engages in insurance and real estate agency businesses. The company was formerly known as Tokyo Denki Kagaku Kogyo K.K. and changed its name to TDK Corporation in 1983. TDK Corporation was founded in 1935 and is headquartered in Tokyo, Japan.

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QRG Capital Management Inc. grew its position in Seagate Technology Holdings PLC (NASDAQ:STX – Free Report) by 15.5% in the second quarter, according to its most recent filing with the SEC. The fund owned 21,081 shares of the data storage provider’s stock after acquiring an additional 2,826 shares during the period. QRG Capital Management Inc.’s holdings in Seagate Technology were worth $20,343,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Envestnet Portfolio Solutions Inc. raised its position in shares of Seagate Technology by 163.4% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 3,940 shares of the data storage provider’s stock worth $3,802,000 after acquiring an additional 2,444 shares in the last quarter. Silicon Valley Capital Partners increased its holdings in Seagate Technology by 1,988.5% in the second quarter. Silicon Valley Capital Partners now owns 543 shares of the data storage provider’s stock worth $524,000 after purchasing an additional 517 shares in the last quarter. Altar Rock LLC bought a new stake in Seagate Technology in the second quarter worth approximately $260,000. Wellington Altus USA Inc. lifted its stake in Seagate Technology by 137.3% in the second quarter. Wellington Altus USA Inc. now owns 140 shares of the data storage provider’s stock valued at $135,000 after buying an additional 81 shares during the period. Finally, Bouchey Financial Group Ltd. acquired a new position in Seagate Technology in the second quarter valued at approximately $377,000. Institutional investors and hedge funds own 92.87% of the company’s stock.

Seagate Technology News Summary Here are the key news stories impacting Seagate Technology this week:

Positive Sentiment: Investors are increasingly expecting agentic AI applications to drive substantial growth in cloud and data-center storage demand. Seagate’s mass-capacity hard drives could benefit as AI workloads generate and retain more data. Why Seagate Is Up After Agentic AI Hype Lifts Storage Demand Expectations Positive Sentiment: Seagate reportedly retired its 2028 notes, a move that reduces near-term refinancing obligations and could improve financial flexibility. Investors may now look for additional share buybacks, which could support earnings per share. Seagate Retired Its 2028 Notes Positive Sentiment: Seagate was included among technology companies viewed as beneficiaries of demand for integrated solutions and multi-cloud adoption, reinforcing the broader technology-sector tailwind. 4 Stocks to Buy From a Prospering Technology Solutions Industry Neutral Sentiment: Recent coverage highlights an unusually wide range of potential outcomes after STX surged from roughly $207 to above $1,100 over the past year. Analysts remain broadly constructive, but the stock’s future depends on sustained AI-driven demand and execution. Seagate Went From $207 to $1,144 Negative Sentiment: Executive Vice President John Christopher Morris sold 9,354 shares worth approximately $8.2 million under a pre-arranged Rule 10b5-1 plan, reducing his direct holdings by 29.2%. The planned nature of the transaction lessens its significance, but repeated insider sales may still weigh on sentiment. Seagate Executive Sells Shares Negative Sentiment: At approximately 66 times earnings, STX carries a demanding valuation after its rapid rally. Any slowdown in storage demand, weaker pricing, or disappointment regarding AI-related growth could lead to heightened volatility. Insider Activity at Seagate Technology In related news, CEO William D. Mosley sold 97,889 shares of Seagate Technology stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $772.14, for a total value of $75,584,012.46. Following the sale, the chief executive officer owned 378,108 shares of the company’s stock, valued at approximately $291,952,311.12. The trade was a 20.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Gianluca Romano sold 49,984 shares of the company’s stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $772.16, for a total value of $38,595,645.44. Following the completion of the transaction, the chief financial officer owned 70,756 shares in the company, valued at approximately $54,634,952.96. The trade was a 41.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders have sold 466,959 shares of company stock worth $378,615,011. 0.51% of the stock is currently owned by company insiders. Wall Street Analyst Weigh In STX has been the topic of a number of research reports. Mizuho boosted their target price on shares of Seagate Technology from $875.00 to $1,090.00 and gave the company an “outperform” rating in a research report on Monday, June 8th. Argus boosted their price objective on Seagate Technology from $750.00 to $900.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Susquehanna upped their target price on Seagate Technology from $775.00 to $875.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 29th. Wall Street Zen cut Seagate Technology from a “strong-buy” rating to a “buy” rating in a report on Sunday, September 6th. Finally, Zacks Research upgraded shares of Seagate Technology from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $986.00.

Get Our Latest Stock Report on Seagate Technology

Seagate Technology Stock Up 0.4% Shares of NASDAQ:STX opened at $923.86 on Thursday. The business has a fifty day moving average price of $845.18 and a two-hundred day moving average price of $753.25. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.67 and a quick ratio of 1.17. The company has a market capitalization of $210.08 billion, a PE ratio of 66.56 and a beta of 2.06. Seagate Technology Holdings PLC has a 1 year low of $209.00 and a 1 year high of $1,145.00.

Seagate Technology (NASDAQ:STX – Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The data storage provider reported $5.71 earnings per share for the quarter, beating the consensus estimate of $5.10 by $0.61. The company had revenue of $3.63 billion during the quarter, compared to analyst estimates of $3.50 billion. Seagate Technology had a net margin of 26.11% and a return on equity of 369.98%. The firm’s revenue for the quarter was up 48.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.59 earnings per share. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. Analysts forecast that Seagate Technology Holdings PLC will post 35.7 earnings per share for the current year.

Seagate Technology Dividend Announcement The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Thursday, September 24th will be paid a dividend of $0.74 per share. The ex-dividend date is Thursday, September 24th. This represents a $2.96 annualized dividend and a dividend yield of 0.3%. Seagate Technology’s dividend payout ratio (DPR) is presently 21.33%.

(Free Report)

Seagate Technology Holdings plc is a data storage technology company that develops and manufactures mass-capacity storage solutions for businesses and consumers. Its product portfolio is centered on hard disk drives (HDDs), which are used in cloud data centers, enterprise systems, network-attached storage, video and imaging applications, and personal computing.

The company also offers solid-state drives (SSDs), external storage products, storage systems, and related data-management and recovery services.

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Seagate Technology Holdings PLC (NASDAQ:STX – Get Free Report) EVP John Morris sold 9,354 shares of the business’s stock in a transaction that occurred on Monday, September 21st. The stock was sold at an average price of $877.91, for a total value of $8,211,970.14. Following the completion of the sale, the executive vice president owned 22,693 shares of the company’s stock, valued at $19,922,411.63. The trade was a 29.19% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

John Christopher Morris also recently made the following trade(s):

On Tuesday, September 15th, John Morris sold 15,466 shares of Seagate Technology stock. The stock was sold at an average price of $772.15, for a total transaction of $11,942,071.90. On Monday, September 14th, John Morris sold 493 shares of Seagate Technology stock. The stock was sold at an average price of $781.23, for a total transaction of $385,146.39. On Thursday, September 10th, John Morris sold 572 shares of Seagate Technology stock. The shares were sold at an average price of $862.13, for a total transaction of $493,138.36. On Friday, August 21st, John Morris sold 3,516 shares of Seagate Technology stock. The shares were sold at an average price of $849.35, for a total transaction of $2,986,314.60. On Thursday, August 20th, John Morris sold 523 shares of Seagate Technology stock. The stock was sold at an average price of $835.54, for a total transaction of $436,987.42. On Monday, August 3rd, John Morris sold 168 shares of Seagate Technology stock. The stock was sold at an average price of $817.76, for a total transaction of $137,383.68. Shares of NASDAQ:STX opened at $919.84 on Wednesday. The stock’s 50-day moving average price is $843.27 and its 200-day moving average price is $749.33. Seagate Technology Holdings PLC has a 12-month low of $209.00 and a 12-month high of $1,145.00. The stock has a market capitalization of $209.16 billion, a P/E ratio of 66.27 and a beta of 2.06. The company has a current ratio of 1.67, a quick ratio of 1.17 and a debt-to-equity ratio of 1.56.

Seagate Technology (NASDAQ:STX – Get Free Report) last released its earnings results on Tuesday, July 28th. The data storage provider reported $5.71 earnings per share for the quarter, beating analysts’ consensus estimates of $5.10 by $0.61. The company had revenue of $3.63 billion during the quarter, compared to analyst estimates of $3.50 billion. Seagate Technology had a return on equity of 369.98% and a net margin of 26.11%.Seagate Technology’s revenue for the quarter was up 48.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.59 EPS. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. On average, equities analysts anticipate that Seagate Technology Holdings PLC will post 35.7 earnings per share for the current year. Seagate Technology Dividend Announcement The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Thursday, September 24th will be issued a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Thursday, September 24th. Seagate Technology’s dividend payout ratio (DPR) is 21.33%.

Institutional Trading of Seagate Technology Several large investors have recently bought and sold shares of STX. Retirement Wealth Solutions LLC raised its holdings in shares of Seagate Technology by 70.6% in the 2nd quarter. Retirement Wealth Solutions LLC now owns 29 shares of the data storage provider’s stock worth $28,000 after purchasing an additional 12 shares during the period. Bridgewater Advisors Inc. lifted its stake in shares of Seagate Technology by 0.9% in the 1st quarter. Bridgewater Advisors Inc. now owns 1,477 shares of the data storage provider’s stock valued at $579,000 after purchasing an additional 13 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC grew its holdings in shares of Seagate Technology by 23.1% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 80 shares of the data storage provider’s stock worth $31,000 after purchasing an additional 15 shares during the period. Blalock Williams LLC increased its position in Seagate Technology by 2.6% during the 2nd quarter. Blalock Williams LLC now owns 636 shares of the data storage provider’s stock worth $614,000 after purchasing an additional 16 shares in the last quarter. Finally, Beaumont Financial Advisors LLC raised its holdings in Seagate Technology by 2.1% in the first quarter. Beaumont Financial Advisors LLC now owns 820 shares of the data storage provider’s stock valued at $321,000 after buying an additional 17 shares during the period. 92.87% of the stock is owned by institutional investors.

Analysts Set New Price Targets STX has been the subject of several recent analyst reports. Melius Research assumed coverage on shares of Seagate Technology in a research note on Monday, June 29th. They set a “buy” rating and a $1,600.00 price objective for the company. China Renaissance boosted their price target on Seagate Technology from $802.00 to $983.00 in a report on Friday, June 12th. Zacks Research raised Seagate Technology from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 28th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $1,300.00 price objective on shares of Seagate Technology in a report on Wednesday, July 29th. Finally, TD Cowen lifted their price objective on Seagate Technology from $850.00 to $1,000.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $986.00.

Read Our Latest Report on Seagate Technology

Seagate Technology Company Profile (Get Free Report)

Seagate Technology Holdings plc is a data storage technology company that develops and manufactures mass-capacity storage solutions for businesses and consumers. Its product portfolio is centered on hard disk drives (HDDs), which are used in cloud data centers, enterprise systems, network-attached storage, video and imaging applications, and personal computing.

The company also offers solid-state drives (SSDs), external storage products, storage systems, and related data-management and recovery services.

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Seagate's next earnings date is circled on the calendar for a reason, and the setup behind this price call is harder to dismiss than most. One specific catalyst makes the timing anything but arbitrary.

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Seagate Technology (NASDAQ:STX | STX Price Prediction) will trade at $900 per share on October 27, 2026, the day the company is scheduled to release fiscal Q1 2027 earnings after the close. From a last print of $810.60, that is roughly an 11% move over five weeks, anchored to a catalyst the company has effectively pre-announced.

Guidance Sets a Floor Under Earnings Management guided fiscal Q1 2027 revenue to $4.10 billion, plus or minus $100 million, with non-GAAP diluted EPS of $7.30, plus or minus $0.20.

Seagate has now delivered four consecutive quarters of EPS beats, most recently posting $5.71 against a $5.09 consensus in Q4 FY26. The company also grew fiscal 2026 revenue 34.06% and generated $3.105 billion in free cash flow. A fifth straight beat against a raised bar is the base case.

Demand Is Contracted Through 2027 On the April 28, 2026 call, management said nearline capacity is “almost fully allocated through calendar 2027” and that build-to-order contracts are being finalized “through the end of fiscal 2027” with defined configuration and pricing.

Mosaic 4 shipped for revenue in late March and is expected to represent a majority of HAMR exabyte shipments exiting calendar 2026. CEO Dave Mosley told investors Seagate is “now entering a period of structural growth” and raised the multi-year revenue growth target to “a minimum of 20% over the next few years.”

That is contracted exabyte demand from hyperscalers (Seagate is one of several non-chip suppliers cashing in on the AI data-center buildout, a group we profiled in a free report on seven AI infrastructure names).

Price Action Has Already Kissed the Target STX traded at $903.68 on August 18, 2026, before pulling back 10.3% over the past month. Year to date, shares are up 195.09%. The 52-week high sits at $1,144.18, and the Street carries 22 buys against one sell with an analyst target of $1,125.

Composite sentiment reads 64.98, bullish with medium confidence. An earnings report in line with guidance reclaims the August highs; a beat on the $7.30 EPS midpoint takes shares through $900.

Risk Check If tariffs, the Middle East conflict, or a hyperscaler pushout breaks the four-quarter beat streak, $900 breaks with it, and shares retest the August low. Management flagged those exact risks in guidance assuming minimal tariff and Middle East conflict impact.

Even so, with nearline capacity already sold through calendar 2027 and a $7.30 EPS anchor from management itself, Seagate prints $900 on October 27, 2026.

Contact [email protected] for any questions or corrections.

Seagate Technology Holdings PLC (NASDAQ:STX – Get Free Report) EVP John Morris sold 15,466 shares of Seagate Technology stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $772.15, for a total transaction of $11,942,071.90. Following the sale, the executive vice president owned 31,132 shares of the company’s stock, valued at approximately $24,038,573.80. The trade was a 33.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

John Christopher Morris also recently made the following trade(s):

On Monday, September 14th, John Morris sold 493 shares of Seagate Technology stock. The stock was sold at an average price of $781.23, for a total transaction of $385,146.39. On Thursday, September 10th, John Morris sold 572 shares of Seagate Technology stock. The shares were sold at an average price of $862.13, for a total transaction of $493,138.36. On Friday, August 21st, John Morris sold 3,516 shares of Seagate Technology stock. The stock was sold at an average price of $849.35, for a total transaction of $2,986,314.60. On Thursday, August 20th, John Morris sold 523 shares of Seagate Technology stock. The stock was sold at an average price of $835.54, for a total transaction of $436,987.42. On Monday, August 3rd, John Morris sold 168 shares of Seagate Technology stock. The stock was sold at an average price of $817.76, for a total transaction of $137,383.68. STX opened at $803.13 on Friday. The stock has a market cap of $182.62 billion, a PE ratio of 57.86 and a beta of 2.06. The company has a quick ratio of 1.17, a current ratio of 1.67 and a debt-to-equity ratio of 1.56. Seagate Technology Holdings PLC has a 52 week low of $209.00 and a 52 week high of $1,145.00. The business’s fifty day simple moving average is $843.14 and its 200 day simple moving average is $738.45.

Seagate Technology (NASDAQ:STX – Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The data storage provider reported $5.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.10 by $0.61. Seagate Technology had a return on equity of 369.98% and a net margin of 26.11%.The firm had revenue of $3.63 billion during the quarter, compared to analyst estimates of $3.50 billion. During the same quarter in the previous year, the company posted $2.59 earnings per share. The company’s revenue was up 48.5% compared to the same quarter last year. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. As a group, research analysts expect that Seagate Technology Holdings PLC will post 35.7 earnings per share for the current fiscal year. Seagate Technology Announces Dividend The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Thursday, September 24th will be issued a dividend of $0.74 per share. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Thursday, September 24th. Seagate Technology’s dividend payout ratio (DPR) is currently 21.33%.

Analyst Upgrades and Downgrades A number of research analysts have commented on the stock. Citigroup increased their price target on shares of Seagate Technology from $1,240.00 to $1,300.00 and gave the company a “buy” rating in a research report on Wednesday, July 29th. TD Cowen boosted their price objective on shares of Seagate Technology from $850.00 to $1,000.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. Wall Street Zen cut shares of Seagate Technology from a “strong-buy” rating to a “buy” rating in a research note on Sunday, September 6th. Melius Research began coverage on shares of Seagate Technology in a report on Monday, June 29th. They set a “buy” rating and a $1,600.00 target price on the stock. Finally, Mizuho lifted their target price on shares of Seagate Technology from $875.00 to $1,090.00 and gave the stock an “outperform” rating in a research report on Monday, June 8th. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $986.00.

Check Out Our Latest Analysis on Seagate Technology

Seagate Technology News Summary Here are the key news stories impacting Seagate Technology this week:

Positive Sentiment: Seagate’s gross margin reached 52.7% in the latest quarter, supported by repeated pricing increases that management believes can be sustained. Durable pricing power could support earnings and cash flow as demand for mass-capacity storage expands. Seagate gross margin article Positive Sentiment: STX has substantially outperformed other AI-infrastructure stocks over the past year. Analysts remain optimistic, reflecting expectations for continued data-center demand, hyperscale customers and AI-driven HDD requirements. Seagate performance versus AI infrastructure stocks Positive Sentiment: The company’s latest quarterly results showed revenue growth of 48.5% year over year, adjusted earnings above consensus and fiscal first-quarter 2027 EPS guidance of $7.10 to $7.50. Those results reinforce the bullish earnings narrative behind the stock. Neutral Sentiment: Seagate completed the retirement and exchange of approximately $150.7 million of 2028 exchangeable notes using about $151.0 million in cash and 1.65 million shares. The transaction reduces upcoming debt but creates some share dilution. Seagate 2028 notes retirement article Negative Sentiment: CEO William Mosley, CFO Gianluca Romano and EVPs John Morris and Ban Teh reported sizable stock sales totaling roughly $168 million. The filings cite tax withholding or pre-arranged Rule 10b5-1 plans, which reduces the bearish signal, but the concentrated selling has nevertheless increased short-term investor caution. Seagate insider selling report Negative Sentiment: After its sharp rally, STX trades at a high earnings multiple and below its 50-day moving average, leaving the stock vulnerable to profit-taking if AI-storage growth or pricing momentum slows. Its high beta also amplifies broader technology-sector volatility. Hedge Funds Weigh In On Seagate Technology A number of large investors have recently bought and sold shares of STX. Wellington Management Group LLP boosted its stake in shares of Seagate Technology by 2,655.9% during the second quarter. Wellington Management Group LLP now owns 2,414,136 shares of the data storage provider’s stock valued at $2,329,641,000 after purchasing an additional 2,326,538 shares during the period. Geode Capital Management LLC grew its holdings in shares of Seagate Technology by 5.0% in the fourth quarter. Geode Capital Management LLC now owns 4,896,815 shares of the data storage provider’s stock worth $1,343,683,000 after purchasing an additional 234,436 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in shares of Seagate Technology by 8.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,193,063 shares of the data storage provider’s stock worth $879,338,000 after buying an additional 243,551 shares during the period. National Pension Service raised its holdings in Seagate Technology by 0.8% during the 2nd quarter. National Pension Service now owns 834,705 shares of the data storage provider’s stock valued at $805,490,000 after buying an additional 6,944 shares during the last quarter. Finally, Norges Bank purchased a new stake in Seagate Technology during the 4th quarter valued at $498,363,000. 92.87% of the stock is owned by hedge funds and other institutional investors.

Seagate Technology Company Profile (Get Free Report)

Seagate Technology Holdings plc is a data storage technology company that develops and manufactures mass-capacity storage solutions for businesses and consumers. Its product portfolio is centered on hard disk drives (HDDs), which are used in cloud data centers, enterprise systems, network-attached storage, video and imaging applications, and personal computing.

The company also offers solid-state drives (SSDs), external storage products, storage systems, and related data-management and recovery services.

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Seagate Technology Holdings PLC (NASDAQ:STX – Get Free Report)’s stock price dropped 4.2% during trading on Tuesday following insider selling activity. The company traded as low as $758.35 and last traded at $771.81. Approximately 4,001,124 shares were traded during trading, a decline of 8% from the average daily volume of 4,336,620 shares. The stock had previously closed at $805.55.

Specifically, CEO William D. Mosley sold 1,870 shares of the stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $781.23, for a total transaction of $1,460,900.10. Following the completion of the transaction, the chief executive officer owned 298,998 shares of the company’s stock, valued at approximately $233,586,207.54. This trade represents a 0.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Gianluca Romano sold 45,898 shares of the business’s stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $830.01, for a total value of $38,095,798.98. Following the completion of the sale, the chief financial officer directly owned 34,220 shares in the company, valued at approximately $28,402,942.20. The trade was a 57.29% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In other news, CFO Gianluca Romano sold 955 shares of the firm’s stock in a transaction on Monday, September 14th. The stock was sold at an average price of $781.24, for a total transaction of $746,084.20. Following the completion of the transaction, the chief financial officer directly owned 30,360 shares in the company, valued at $23,718,446.40. This trade represents a 3.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Wall Street Analyst Weigh In Several equities analysts recently issued reports on the company. Barclays increased their target price on Seagate Technology from $1,000.00 to $1,250.00 and gave the stock an “overweight” rating in a research note on Thursday, July 30th. Morgan Stanley boosted their price target on shares of Seagate Technology from $1,035.00 to $1,187.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. TD Cowen increased their price target on shares of Seagate Technology from $850.00 to $1,000.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. Cantor Fitzgerald reissued an “overweight” rating and issued a $1,300.00 price objective on shares of Seagate Technology in a research note on Wednesday, July 29th. Finally, China Renaissance lifted their price objective on shares of Seagate Technology from $802.00 to $983.00 in a report on Friday, June 12th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Seagate Technology has an average rating of “Moderate Buy” and a consensus target price of $986.00.

View Our Latest Analysis on Seagate Technology Key Stories Impacting Seagate Technology Here are the key news stories impacting Seagate Technology this week:

Positive Sentiment: Seagate is positioned as a major beneficiary of AI-driven hard-disk-drive demand. Fidelity’s investment commentary highlights the company’s exposure to expanding data-storage requirements, while Seagate’s recent results showed 48.5% year-over-year revenue growth and earnings above expectations. Seagate Technology as an AI storage beneficiary Positive Sentiment: A Seagate-sponsored global study found that 99% of organizations expect AI to increase storage needs, although only 38% say they are fully prepared. The findings support a long-term demand case for Seagate’s storage products. Seagate AI storage demand research Neutral Sentiment: Analysts and industry coverage point to strong nearline demand, hyperscale contracts and next-generation HAMR drive shipments. However, investors are questioning whether much of the AI-storage opportunity is already reflected in STX’s valuation. Seagate versus Western Digital AI storage demand Negative Sentiment: Several executives reported sizable stock sales. CFO Gianluca Romano’s transactions reduced his holdings substantially, while CEO William Mosley and other executives also sold shares. The filings state that many sales were made under Rule 10b5-1 plans or to cover tax obligations, reducing their signaling value but still adding short-term investor concern. Seagate executive stock sale filing Negative Sentiment: STX has also been caught in a broader technology selloff after prominent AI executives called for a more deliberate pace of frontier-model development. The move has pressured AI-exposed storage and semiconductor names despite Seagate’s favorable demand outlook. Technology stock selloff The firm has a 50 day moving average price of $846.41 and a 200-day moving average price of $733.04. The company has a current ratio of 1.67, a quick ratio of 1.17 and a debt-to-equity ratio of 1.56. The firm has a market cap of $175.50 billion, a PE ratio of 55.61 and a beta of 2.06.

Seagate Technology (NASDAQ:STX – Get Free Report) last issued its earnings results on Tuesday, July 28th. The data storage provider reported $5.71 earnings per share for the quarter, beating the consensus estimate of $5.10 by $0.61. Seagate Technology had a net margin of 26.11% and a return on equity of 369.98%. The firm had revenue of $3.63 billion for the quarter, compared to analysts’ expectations of $3.50 billion. During the same quarter last year, the company earned $2.59 earnings per share. The firm’s revenue was up 48.5% compared to the same quarter last year. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. Research analysts forecast that Seagate Technology Holdings PLC will post 35.7 EPS for the current fiscal year.

Seagate Technology Dividend Announcement The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Thursday, September 24th will be paid a dividend of $0.74 per share. The ex-dividend date is Thursday, September 24th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.4%. Seagate Technology’s payout ratio is presently 21.33%.

Hedge Funds Weigh In On Seagate Technology Several large investors have recently bought and sold shares of the business. Wellington Management Group LLP raised its holdings in Seagate Technology by 2,655.9% during the second quarter. Wellington Management Group LLP now owns 2,414,136 shares of the data storage provider’s stock worth $2,329,641,000 after purchasing an additional 2,326,538 shares in the last quarter. Norges Bank purchased a new position in shares of Seagate Technology in the 4th quarter valued at $498,363,000. Janus Henderson Group PLC raised its stake in Seagate Technology by 3,872.1% during the 1st quarter. Janus Henderson Group PLC now owns 967,528 shares of the data storage provider’s stock worth $378,985,000 after acquiring an additional 943,170 shares in the last quarter. Deutsche Bank AG boosted its stake in Seagate Technology by 102.0% in the fourth quarter. Deutsche Bank AG now owns 1,599,962 shares of the data storage provider’s stock valued at $440,614,000 after acquiring an additional 807,962 shares in the last quarter. Finally, National Pension Service lifted its holdings in shares of Seagate Technology by 298.7% in the 4th quarter. National Pension Service now owns 997,223 shares of the data storage provider’s stock valued at $274,625,000 after purchasing an additional 747,102 shares during the last quarter. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Seagate Technology Company Profile (Get Free Report)

Seagate Technology Holdings plc is a data storage technology company that develops and manufactures mass-capacity storage solutions for businesses and consumers. Its product portfolio is centered on hard disk drives (HDDs), which are used in cloud data centers, enterprise systems, network-attached storage, video and imaging applications, and personal computing.

The company also offers solid-state drives (SSDs), external storage products, storage systems, and related data-management and recovery services.

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Corient Private Wealth LP lessened its position in Seagate Technology Holdings PLC (NASDAQ:STX – Free Report) by 29.8% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 25,430 shares of the data storage provider’s stock after selling 10,805 shares during the period. Corient Private Wealth LP’s holdings in Seagate Technology were worth $24,541,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of STX. NewEdge Advisors LLC increased its stake in Seagate Technology by 85.9% during the 1st quarter. NewEdge Advisors LLC now owns 22,046 shares of the data storage provider’s stock worth $8,637,000 after purchasing an additional 10,190 shares in the last quarter. GLOBALT Investments LLC GA lifted its stake in Seagate Technology by 820.8% in the fourth quarter. GLOBALT Investments LLC GA now owns 9,760 shares of the data storage provider’s stock valued at $2,688,000 after buying an additional 8,700 shares in the last quarter. Tredje AP fonden boosted its holdings in shares of Seagate Technology by 446.6% in the fourth quarter. Tredje AP fonden now owns 111,339 shares of the data storage provider’s stock valued at $30,662,000 after buying an additional 90,968 shares during the period. USA Financial Formulas acquired a new position in shares of Seagate Technology in the first quarter valued at approximately $1,328,000. Finally, Financial Insights Inc. bought a new stake in shares of Seagate Technology during the second quarter worth $706,000. 92.87% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades A number of equities research analysts recently commented on the stock. JPMorgan Chase & Co. raised their price objective on shares of Seagate Technology from $1,095.00 to $1,240.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. China Renaissance increased their target price on Seagate Technology from $802.00 to $983.00 in a report on Friday, June 12th. Weiss Ratings reissued a “buy (b)” rating on shares of Seagate Technology in a research note on Wednesday, June 24th. Susquehanna boosted their price target on Seagate Technology from $775.00 to $875.00 and gave the company a “neutral” rating in a report on Wednesday, July 29th. Finally, Argus upped their price objective on Seagate Technology from $750.00 to $900.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $986.00.

Get Our Latest Stock Analysis on Seagate Technology More Seagate Technology News Here are the key news stories impacting Seagate Technology this week:

Positive Sentiment: Analyst commentary remains constructive on Seagate’s fiscal 2027 prospects. Cloud-storage demand, growing AI workloads and the company’s HAMR technology are expected to support revenue growth exceeding fiscal 2026 levels. Can Seagate Sustain Its Strong Revenue Growth in Fiscal 2027? Positive Sentiment: Seagate’s recent earnings momentum and exposure to AI infrastructure continue to underpin the bullish case; the company previously exceeded quarterly EPS and revenue expectations and issued strong fiscal 2027 guidance. Neutral Sentiment: Management presented at the Goldman Sachs Communacopia + Technology Conference, giving investors additional commentary on the company’s strategy and demand outlook, but no major new financial catalyst was identified. Seagate Technology Holdings plc Presents at Goldman Sachs Communacopia + Technology Conference 2026 Negative Sentiment: Storage and semiconductor stocks came under selling pressure following an AI algorithmic-efficiency breakthrough, raising concerns that improved efficiency could reduce the near-term intensity of infrastructure spending. Seagate Stock Drops Friday: What’s Going On? Negative Sentiment: After roughly tripling during the year, Seagate stock is experiencing profit-taking as investors lock in gains. The pullback reflects elevated expectations and high valuation sensitivity across the storage group. Storage Stocks Slide as Profit Taking Follows Big Run Negative Sentiment: CEO William Mosley, CFO Gianluca Romano and executives John Morris and Ban Teh reported stock sales totaling about $4.7 million. The sales were relatively small compared with their remaining holdings, and Ban Teh’s transaction was executed under a pre-arranged Rule 10b5-1 plan, but the cluster of insider selling may add to short-term investor caution. SEC insider transaction filings Insider Buying and Selling In other news, EVP Ban Teh sold 9,862 shares of the stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $852.97, for a total value of $8,411,990.14. Following the completion of the sale, the executive vice president owned 5,210 shares of the company’s stock, valued at approximately $4,443,973.70. This represents a 65.43% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Gianluca Romano sold 14,091 shares of the business’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $811.25, for a total transaction of $11,431,323.75. Following the transaction, the chief financial officer owned 21,543 shares in the company, valued at approximately $17,476,758.75. The trade was a 39.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 186,731 shares of company stock valued at $157,652,942 in the last ninety days. 0.51% of the stock is owned by company insiders.

Seagate Technology Price Performance Seagate Technology stock opened at $830.17 on Monday. The company has a market cap of $188.77 billion, a P/E ratio of 59.81 and a beta of 2.06. Seagate Technology Holdings PLC has a 1-year low of $193.32 and a 1-year high of $1,145.00. The company has a fifty day simple moving average of $848.79 and a 200 day simple moving average of $727.69. The company has a current ratio of 1.67, a quick ratio of 1.17 and a debt-to-equity ratio of 1.56.

Seagate Technology (NASDAQ:STX – Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The data storage provider reported $5.71 EPS for the quarter, topping the consensus estimate of $5.10 by $0.61. Seagate Technology had a net margin of 26.11% and a return on equity of 369.98%. The firm had revenue of $3.63 billion for the quarter, compared to analysts’ expectations of $3.50 billion. During the same period in the previous year, the firm posted $2.59 EPS. The company’s revenue for the quarter was up 48.5% on a year-over-year basis. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. Research analysts anticipate that Seagate Technology Holdings PLC will post 35.7 earnings per share for the current fiscal year.

Seagate Technology Announces Dividend The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Thursday, September 24th will be given a dividend of $0.74 per share. The ex-dividend date of this dividend is Thursday, September 24th. This represents a $2.96 annualized dividend and a yield of 0.4%. Seagate Technology’s dividend payout ratio is 21.33%.

Seagate Technology Profile (Free Report)

Seagate Technology Holdings plc is a data storage technology company that develops and manufactures mass-capacity storage solutions for businesses and consumers. Its product portfolio is centered on hard disk drives (HDDs), which are used in cloud data centers, enterprise systems, network-attached storage, video and imaging applications, and personal computing.

The company also offers solid-state drives (SSDs), external storage products, storage systems, and related data-management and recovery services.

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